800 Midway Rd Menasha, WI 54952-1112

Property Details for 800 Midway Rd

Year built

1945

Lot size

42.89 lot acres

Zone code

I1

Property type

Industrial properties

APN

4-00768-00

APU

40076800

Description

This exceptional 550,000-square-foot industrial warehouse in Menasha, Wisconsin, presents a compelling sale-leaseback opportunity. Strategically located at the intersection of US-10 and WI-441, this property boasts a prime location with convenient access to major transportation routes. The building, constructed between 1947 and 2011, sits on a substantial 43-acre lot and features 15 dock-high doors and 4 drive-in doors, ensuring efficient loading and unloading. Clear heights range from 15 to 25 feet, providing ample storage space. The property benefits from active Canadian National rail service, enhancing logistical capabilities. Currently 100% occupied by Capitol Warehousing, a reputable third-party logistics provider, under a 10-year triple-net (NNN) lease commencing January 1, 2025, and expiring December 31, 2034. The lease includes a below-market rent of $3.40 per square foot, NNN, with attractive 2% annual rent escalations and a five-year renewal option at fair market value. The asking price is $22,000,000, representing an 8.5% capitalization rate and a price per square foot of $40. The property's location within the thriving Fox Cities Region, known for its strong labor market and low unemployment rate of 2.3%, further enhances its investment appeal. This sale-leaseback offers a secure, long-term income stream with significant upside potential. The property's history includes ownership and operation by notable companies such as RR Donnelly, LSC Communications, and Lakeside Books.

Location Insight

City

Menasha

County

Winnebago

State

Wisconsin

Longitude

-88.4348

Latitude

44.2316

CBSA code

36780

CBSA name

OSHKOSH-NEENAH, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments